848 NW 2nd Ave, Fort Lauderdale FL 33311 | Broward County | A11841385
- $975,000
- Quadruplex
- 1936 Sq Ft
- $975,000
Description
Prime 5-unit multifamily in booming Progresso Village, just minutes from Flagler Village, the Brightline station, and the beach. Fully occupied and cash flowing from day one, the property features three 1-bed/1-bath units and two studios, all rented to long-term tenants—most over 5 years. Current monthly income is $8,774 with room for additional upside through future rent increases or improvements, delivering an attractive 8.83% cap rate. Interiors have been lightly updated, and the property includes separate electric meters and low-maintenance operations. Zoned RMM-25 with redevelopment potential in one of Fort Lauderdale’s fastest-growing corridors. Rare seller financing offered at 5.5% interest-only for 3 years with 35% down.
Property Overview
This property is a 1936 square foot unit built in 1972, currently listed at $975,000. The number of bedrooms and bathrooms is not specified in the provided data.
The property is located at 848 NW 2nd Ave, Fort Lauderdale, FL 33311 in Broward County. The MLS number for this listing is A11841385. No specific amenities are mentioned in the available information.
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Address
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Address: 2nd Ave
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City: Fort Lauderdale
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State/county: Broward County
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Zip/Postal Code: 33311
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Area: PROGRESSO
Details
Updated on June 29, 2026 at 4:38 am-
Property ID A11841385
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Price $975,000
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Property Size 1936 Sq Ft
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Year Built 1972
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Type Quadruplex
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Property Status Active, Residential Income
Additional details
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Flooring Other, Tile, Vinyl
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Cooling Wall/Window Unit(s)
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Association Type None
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Building PROGRESSO
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Area Progresso
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Annual Tax 10779
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Association No
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Private Pool No
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Listing Terms All Cash, Conventional, Owner Will Carry
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Waterfront No
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Subdivision PROGRESSO
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Total Stories 1
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Heating Window/Wall
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Structure Type Quadruplex, Fourplex
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Tax Year 2024
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Construction Concrete Block Construction, CBS Construction
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Building Area 1936
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Year Built Details Resale
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Flood Zone AE
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New Construction No
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Style Fourplex
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Lot Size (Sq Ft) 0
Features
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Down Payment
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Monthly HOA Fees
